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Headland Inc. uses the retail inventory method to estimate ending inventory for its monthly financlal statements. The following data pertain to a single department for

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Headland Inc. uses the retail inventory method to estimate ending inventory for its monthly financlal statements. The following data pertain to a single department for the month of October 2026 . (a) Using the conventional retail method, prepare a schedule computing estimated lower-of-cost-or-market inventory for October 31 . 2026. Ending inventory at lower-of-cost-or-market

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